As a state attorney general, I work every day to protect consumers from fraudulent and deceptive business practices. The $25 billion landmark National Mortgage Settlement with the nation’s five largest mortgage servicers over foreclosure abuses and unacceptable nationwide mortgage servicing practices has been one of the most significant civil settlements of our time—second only to the tobacco settlement.

My office was on the forefront of negotiating the terms of the settlement, and we have remained relentless in our efforts to ensure compliance by Bank of America, Chase, Citi, Wells Fargo, and Ally/GMAC. From our role on the negotiating committee to our current role on the National Mortgage Settlement Monitoring Committee, our goal has been straightforward—to protect homeowners by providing necessary financial relief and by reforming the mortgage servicing industry.